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Title:Unemployment duration, incentives and institutions: A micro-econometric analysis based on Scandinavian data PDF Logo
Authors:Røed, Knut
Jensen, Peter
Thoursie, Anna
Issue Date:2002
Series/Report no.:Memorandum, Department of Economics, University of Oslo 2002,09
Abstract:Based on a combined register database for Norwegian and Swedish unemployment spells, we use the ‘between-countries-variation’ in the unemployment insurance systems to identify causal effects. The elasticity of the job hazard rate with respect to the benefit replacement ratio is around -1.0 in Norway and -0.5 in Sweden. The limited benefit duration period in Sweden has a large positive impact on the hazard rate, despite generous renewal options through participation in labour market programs. Compulsory program participation seems to operate as a ‘stick’, rather than a ‘carrot’, and is therefore an efficienttool for counteracting moral hazard problems in the benefit system.
Subjects:Unemployment spells
unemployment compensation
non-parametric duration analysis
JEL:C41
J64
Document Type:Working Paper
Appears in Collections:Memorandum, Department of Economics, University of Oslo

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